Bengaluru: Former SAP SE executive Yusuf Bashir, who used to head Infosys Ltd’s $500 million corporate venture arm, has resigned from the Bengaluru-based company, according to three executives directly aware of the development. During his time as head of Infosys’s corporate venture arm, Bashir was charged with the task of helping Infosys tap into disruptive new technologies offered by start-ups, which in turn could be taken by the company to win more business from Fortune 1000 clients. Experts tracking Infosys said the recent executive departures would pose significant challenges for the company in the near future. Bashir was a board observer at Unsilo and Waterline Data—two startups in which Infosys made a minority investment through the $500 million startup investment fund. Other executives to have quit from the M&A team and the corporate venture arm include Uday Disley and Arun Anand.

Source: Mint July 26, 2017 06:29 UTC